https://www.taxtmi.com/caselaws?id=468098 A notice under section 148-A(b) must allow at least seven days for reply; the text states that a shorter period defeats the statutory hearing opportunity and invalidates the notice. It also states that reassessment under section 149(1)(b) depends on the escaped-income threshold being met, and where section 48 deduction reduces the amount below the statutory limit, the extended reassessment regime cannot be invoked. On that basis, the commentary concludes that the notice, reassessment proceedings, and consequential penalty orders were unsustainable. en-us Wed, 03 Jul 2024 00:00:00 +0530 Wed, 15 Apr 2026 20:22:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468098 A notice under section 148-A(b) must allow at least seven days for reply; the text states that a shorter period defeats the statutory hearing opportunity and invalidates the notice. It also states that reassessment under section 149(1)(b) depends on the escaped-income threshold being met, and where section 48 deduction reduces the amount below the statutory limit, the extended reassessment regime cannot be invoked. On that basis, the commentary concludes that the notice, reassessment proceedings, and consequential penalty orders were unsustainable. Case-Laws Income Tax Wed, 03 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468098